Guanxi refers to the interpersonal relationships that are essential to business in China.

Question

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Guanxi is a fundamental concept in business dealings in China, and it refers to the social networks and relationships between individuals, which can help to establish trust, improve communication, and negotiate deals. Guanxi is based on the idea of reciprocity and the exchange of favors, and it can be a critical factor in business success in China.

Guanxi Refers to the Interpersonal Relationships That Are Essential to Business